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  • new‘Global growth is our urgent priority’: G7
    Group of Seven leaders today said that pumping up the world economy was an “urgent priority”, but left the door open for a go-your-own-way approach in a sign of lingering divisions over how to boost g...
    - 15 mins ago, 27 May 16, 9:43am -
  • newBJP regime has been most disappointing: Congress
    Azad, Kharge and Sibal indulge in literary barbs to berate two years of Modi rule
    - 10 hours ago, 27 May 16, 12:09am -
  • newFive things to watch out for today
    Trinamool Congress chief Mamata Banerjee will be sworn in as West Bengal Chief Minister for a second term today. Prime Minister Narendra Modi and his Bangladeshi and Bhutanese counterparts are expect...
    - 10 hours ago, 27 May 16, 12:05am -
  • newFitch sees India growing at 7.9%
    Remaining upbeat about India’s economic prospects, global rating agency Fitch on Thursday said the economy will grow at 8 per cent in 2017-18 and pressed for further structural reforms.In its Fit...
    - 10 hours ago, 26 May 16, 11:58pm -
  • new1,108 indirect tax cases cleared
    The Central Board of Excise and Customs (CBEC) on Thursday said the special tax Bench of the Supreme Court has disposed of 1,108 cases pertaining to indirect taxes. As a result, the pendency which wa...
    - 10 hours ago, 26 May 16, 11:57pm -
  • newNovartis board okays buyback
    Pharma major looking to purchase 3,820,000 shares for about ₹290 crore
    - 10 hours ago, 26 May 16, 11:53pm -
  • newToyota leads in dealer satisfaction
    Results part of JD Power study
    - 10 hours ago, 26 May 16, 11:52pm -
  • newTCS chief gets 20% pay hike
    Tata Consultancy Services has given 20 per cent salary hike to its MD & CEO N Chandrasekaran. His compensation now stands at ₹25.6 crore. According to the company's annual report, the ratio of...
    - 10 hours ago, 26 May 16, 11:52pm -
  • newCoimbatore to host meet on valve tech
    The 3rd edition of Valve Technology Conclave is slated for May 27 at Hotel Le Meridien here. The theme of this biennial conclave is “Moving up the Value Chain”. Organised by CII, Coimbatore zone...
    - 10 hours ago, 26 May 16, 11:45pm -
  • newCII CEO delegation to accompany Jaitley to Japan
    A 10-member high level delegation of CII CEOs is accompanying Finance Minister Arun Jaitley during the latter’s visit to Japan next week.Jaitley will embark on an official tour to Japan to attract...
    - 10 hours ago, 26 May 16, 11:44pm -

NDTV Business

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Moneycontrol

  • newSnapdeal partners Puravankara to sell flats with assured rent
    Snapdeal and Puravankara in association with property consultant JLL India announced the launch of a 'Managed Residences Plan' under which flat owners would get fixed rental returns for seven years, along with an additional rental appreciation benefit of 8 percent per annum.
    - 1 hour ago, 27 May 16, 8:56am -
  • newIndia tablet market grows 7% to 0.91-mn units in Q1: CMR
    DataWind led the market with its share at 34.2 percent share, followed by Samsung (21 percent), Pantel (BSNL's partner) (20 percent), Micromax (10 percent) and Lenovo (4 percent), research firm CMR said in its report.
    - 1 hour ago, 27 May 16, 8:52am -
  • newCarzonrent aims Rs 2,500 cr revenue in 4 years
    "At present B2B (business-to-business) segment is estimated to be around Rs 15,000 crore and is expected to reach Rs 25,000 crore by 2020. We are targeting about 10 percent market share which is around Rs 2,500 crore," Carzonrent MD and CEO Rajiv Vij said.
    - 1 hour ago, 27 May 16, 8:50am -
  • newUSL writes off Rs 566 cr related to dues from UB Group firms
    USL said in 2013-14 "certain parties had claimed that they had advanced certain amounts to certain alleged UB Group entities and that the dues owed by such parties to the company would be paid/refunded by them to the company only on receipt of their dues from such alleged UB Group entities".
    - 2 hours ago, 27 May 16, 7:54am -
  • newPM to lay foundation of NTPC power plant in Telangana soon
    The NDA government has provided power to the state, which was facing severe shortage of electricity and also allocated funds to the tune of thousands of crores, the Union Minister of State (independent charge) for Labour, said.
    - 2 hours ago, 27 May 16, 7:54am -

Reuters India

  • newChina April industrial profit growth slows from March
    BEIJING (Reuters) - Profit growth at China's industrial firms slowed in April, in line with other data for the month which suggested the economy may be losing steam again after picking up earlier in the year.
    - 1 hour ago, 27 May 16, 8:40am -
  • newG7 vows growth, fudges FX, frets N Korea, Russia, China
    ISE-SHIMA, Japan (Reuters) - The Group of Seven industrial powers pledged on Friday to seek strong global growth, while papering over differences on currencies and stimulus policies and expressing concern over North Korea, Russia and maritime disputes involving China.
    - 2 hours ago, 27 May 16, 8:26am -
  • newAustralian watchdog to review Seven West Media plan to buy News Corp Perth assets
    MELBOURNE (Reuters) - Australia's competition watchdog said on Friday it would review Seven West Media's proposal to acquire The Sunday Times in Western Australia and its associated web site from News Ltd.
    - 2 hours ago, 27 May 16, 8:24am -
  • newU.S. panel launches trade secret theft probe into China steel
    WASHINGTON (Reuters) - The U.S. International Trade Commission said on Thursday it launched an investigation into complaints by United States Steel Corp that Chinese competitors stole its secrets and fixed prices, in the latest trade spat between the two countries.
    - 3 hours ago, 27 May 16, 7:08am -
  • newGold on track for biggest decline in nine weeks
    BENGALURU (Reuters) - Gold crawled higher early on Friday but stayed near seven-week lows and remained on track for its biggest weekly decline in nine, with positive economic data boosting expectations U.S. interest rates will rise in the next two months.
    - 3 hours ago, 27 May 16, 7:01am -
  • newAsia stocks edge up after upbeat U.S. data, dollar sags
    TOKYO (Reuters) - Asian stocks pulled ahead on Friday after patches of U.S. data continued to paint the world's largest economy in a positive light, while the dollar was on the defensive against its major peers.
    - 3 hours ago, 27 May 16, 6:38am -
  • newOil prices retreat from $50 on oversupply concerns
    SINGAPORE (Reuters) - Oil futures dipped further in early Asian trade on Friday, finding resistance at the $50 a barrel mark as investors worried higher prices could reactivate shuttered crude output, adding to global oversupply.
    - 4 hours ago, 27 May 16, 6:26am -
  • newExclusive: Verizon turns to former Yahoo bankers for bid - sources
    NEW YORK/SAN FRANCISCO (Reuters) - Verizon Communications Inc is working on its bid for Yahoo Inc's core assets with an investment bank which was, as recently as last year, one of the U.S. internet company's top advisers, people familiar with the matter said.
    - 4 hours ago, 27 May 16, 5:51am -
  • newJet Airways reports first annual profit since 2007
    NEW DELHI (Reuters) - Jet Airways, India's second-biggest airline by passengers, reported an annual profit on Thursday for the first time since 2007 and a year ahead of schedule under its 2014 turnaround plan.
    - 13 hours ago, 26 May 16, 8:44pm -
  • newONGC sees higher output this year after profit beat
    NEW DELHI/MUMBAI (Reuters) - Oil and Natural Gas Corp Ltd (ONGC) said on Friday it expects output to rise this financial year as it invests billions of dollars in ramping up production from its ageing fields.
    - 14 hours ago, 26 May 16, 8:08pm -

Live Mint

Live Mint - Companies

Google: India Business News

  • newAsia stocks remain cautious ahead of Yellen speech - Times of India

    Asia stocks remain cautious ahead of Yellen speech - Times of India

    MarketWatchAsia stocks remain cautious ahead of Yellen speechTimes of IndiaHong Kong, May 27, 2016 (AFP) -. Asia stocks tilted slightly upwards Friday but remained cautious ahead of a speech from the US central bank head and after a weak lead from Wall Street as oil pulled back below $50 a barrel. Comments from the Group of ...Five triggers that changed your market while you were sleepingEconomic TimesAsia markets open higher; Nikkei up 0.5 pct as Japan consumer prices fallCNBCAsia Pacific Mark…
    - 26 mins ago, 27 May 16, 9:32am -
  • newModi govt has undertaken 'big bang' structural reforms: CII - Moneycontrol.com

    Modi govt has undertaken 'big bang' structural reforms: CII - Moneycontrol.com

    Business TodayModi govt has undertaken 'big bang' structural reforms: CIIMoneycontrol.com"In two years, the NDA government has strategically navigated the Indian economy to all-round stability. It has undertaken big bang structural reforms, including more power in the hands of states, establishment of NITI Aayog and empowerment of markets ...India's poor institutional memoryLivemint2 years of Modi: Cooperative federalism more a slogan than realityFinancial ExpressRight path to a sustainable futu…
    - 44 mins ago, 27 May 16, 9:14am -
  • newTokyo stocks climb by break on inflation data - Times of India

    Tokyo stocks climb by break on inflation data - Times of India

    euronewsTokyo stocks climb by break on inflation dataTimes of IndiaTokyo, May 27, 2016 (AFP) -. Tokyo stocks rose on Friday morning after Japanese inflation data showing monthly prices falling and media reports about a consumption tax hike delay bolstered hopes of extra Bank of Japan stimulus measures. Core consumer ...Japan's inflation falls for 2nd straight monthMoneycontrol.comJapan dips deeper into deflationFinancial TimesJapan CPI Falls 0.3%, Raising Pressure for More BOJ StimulusBloomberg…
    - 52 mins ago, 27 May 16, 9:06am -
  • newOil prices retreat from $50 on oversupply concerns, stronger dollar - Economic Times

    Oil prices retreat from $50 on oversupply concerns, stronger dollar - Economic Times

    FortuneOil prices retreat from $50 on oversupply concerns, stronger dollarEconomic TimesSINGAPORE: Oil futures fell further in Asian trade on Friday after running into resistance at the $50 a barrel mark, as investors worried higher prices could reactivate shuttered crude output, adding to global oversupply. Prices were also pressured by ...Oil Prices Retreat From $50 On Oversupply ConcernsNDTVOil dips after meeting resistance at $50 levelTimes of IndiaCrude crosses $50 a barrel; could scorch co…
    - 1 hour ago, 27 May 16, 8:45am -
  • newAMRUT scheme: Over 110 cities to get Rs 5530 cr govt assistance for basic infra - Firstpost

    AMRUT scheme: Over 110 cities to get Rs 5530 cr govt assistance for basic infra - Firstpost

    FirstpostAMRUT scheme: Over 110 cities to get Rs 5530 cr govt assistance for basic infraFirstpostNew Delhi: The Centre has approved an investment of over Rs 5,530 crore for providing basic infrastructure in over 110 cities across six states under AMRUT scheme for the current fiscal. The cental assistance to these states - Madhya Pradesh, Gujarat, ...Goa to submit devpt plans to Union govtTimes of IndiaGovt approves over Rs 5530 crore for infra boost in 111 citiesETAuto.comCentre approves invest…
    - 2 hours ago, 27 May 16, 7:57am -
  • newONGC reports 12% rise in Q4 net profit - Financial Express

    ONGC reports 12% rise in Q4 net profit - Financial Express

    Business TodayONGC reports 12% rise in Q4 net profitFinancial ExpressDespite a slump in crude oil prices, state-run explorer ONGC reported a 12.2% rise in its fourth quarter net profit at R4,416 crore in FY16, against R3,935 crore in the same quarter previous year. By: FE Bureau | New Delhi | Published: May 27, 2016 7 ...BPCL may gain as board recommends 1:1 bonus issueBusiness StandardEarnings to keep USL, BPCL, Jet Airways in focus todayMoneycontrol.comONGC sees higher output this year after p…
    - 3 hours ago, 27 May 16, 7:28am -
  • newGive us this day, our potassium-free bread - The Hindu

    Give us this day, our potassium-free bread - The Hindu

    The HinduGive us this day, our potassium-free breadThe HinduFacing allegations about the presence of carcinogenic chemicals in their products, the All India Bread Manufacturers' Association (AIBMA), which represents over 90 organised bread manufacturers, has asked the Food Safety and Standards Authority of ...Bread manufacturers withdraw use toxic chemicals, cite public controversyDaily News & AnalysisWill Not Use Potassium Bromate, Iodate In Products: Bread MakersNDTVBread makers not to use pot…
    - 4 hours ago, 27 May 16, 6:03am -
  • newFlipkart's rival Paytm ready to review and hire IIM students - Times of India

    Flipkart's rival Paytm ready to review and hire IIM students - Times of India

    Times of IndiaFlipkart's rival Paytm ready to review and hire IIM studentsTimes of IndiaBengaluru: The ongoing fracas between the Indian Institute of Management (IIM) and Flipkart, over the e-commerce major's decision to defer joining dates of graduates who were given job offers, has taken a new turn. In a swift move, Flipkart's ...Delayed joining offers to IIM grads, high profile exits & devaluation add to Flipkart's woesExchange4MediaFlipkart Firm On Not Hiring Students Before December: IIM-Ah…
    - 7 hours ago, 27 May 16, 3:26am -
  • newUnited Spirits writes off Rs 566 cr from Mallya's UB Group cos - Times of India

    United Spirits writes off Rs 566 cr from Mallya's UB Group cos - Times of India

    NDTVUnited Spirits writes off Rs 566 cr from Mallya's UB Group cosTimes of IndiaBengaluru: United Spirits (USL), India's largest spirits maker, said it wrote off Rs 566 crore in connection with the recovery of funds that were diverted from the company to "alleged UB Group entities" including now-defunct Kingfisher Airlines. The ...United Spirits Q4 loss narrows to Rs8.99 croreLivemintUSL writes off Rs 566 cr related to dues from UB Group firmsMoneycontrol.comUnited Spirits Posts Loss Of Nearly R…
    - 7 hours ago, 27 May 16, 3:08am -
  • newBanks Asked To Upgrade ATMs To Prevent Cloning Of Cards - NDTV

    Banks Asked To Upgrade ATMs To Prevent Cloning Of Cards - NDTV

    NDTVBanks Asked To Upgrade ATMs To Prevent Cloning Of CardsNDTVMumbai: The Reserve Bank of India (RBI) on Thursday asked banks to upgrade all ATMs by September 2017 with additional safety measures to prevent skimming and cloning of debit and credit cards. The Reserve Bank noted that while the POS terminal ...RBI to banks: Ensure EMV chip, PIN compatibility at all ATMsFinancial ExpressRBI Instructs Banks to shift to chip based models of cards to reduce theftEconomic TimesRBI mandates ATMs also t…
    - 13 hours ago, 26 May 16, 9:07pm -

Yahoo! World Business

  • newU.S. panel launches trade secret theft probe into China steel

    U.S. panel launches trade secret theft probe into China steel

    WASHINGTON/SHANGHAI (Reuters) - U.S. regulators on Thursday launched an investigation into complaints by United States Steel Corp that Chinese competitors stole its secrets and fixed prices, in the latest trade spat between the two countries. The International Trade Commission (ITC) said in a statement that it has not made any decisions on the merits of the case. U.S. Steel, in its complaint under section 337 of the main U.S. tariff law, is seeking to halt nearly all imports from China's largest…
    - 50 mins ago, 27 May 16, 9:08am -
  • newCompanies could use 'intermediate' web security certificates to spy

    - 54 mins ago, 27 May 16, 9:04am -
  • newValeant rejected joint takeover bid from Takeda, TPG in spring: source

    Valeant rejected joint takeover bid from Takeda, TPG in spring: source

    Valeant Pharmaceuticals International Inc received a joint takeover offer from Japan's Takeda Pharmaceutical Co Ltd and TPG Capital Management LP [TPG.UL] this spring that the Canadian drugmaker rejected, according to a source familiar with the matter. The offer was made a few weeks before Joseph Papa took over as Valeant's new chief executive in April last week, the source told Reuters. Takeda and private equity firm TPG were ready to offer a substantial premium to Valeant, whose stock had fall…
    - 56 mins ago, 27 May 16, 9:02am -
  • newAsia stocks edge up after U.S. data, dollar consolidates month's gains

    Asia stocks edge up after U.S. data, dollar consolidates month's gains

    TOKYO/SINGAPORE (Reuters) - Asian stocks pulled ahead on Friday after U.S. data continued to put the economy in a positive light, while the dollar was on the defensive against major peers. MSCI's broadest index of Asia-Pacific shares outside Japan gained 0.2 percent to a two-week high. Japan's Nikkei nudged up 0.4 percent, buoyed by prospects of Tokyo delaying a sales tax hike, helping to extend gains for the week to 1.5 percent.
    - 1 hour ago, 27 May 16, 8:55am -
  • newLenovo's new Droids might be shiny and metallic

    - 2 hours ago, 27 May 16, 8:02am -

Yahoo! India Business

  • newJet Airways, SBI, Sun Pharma among 10 stocks in focus today

    Jet Airways, SBI, Sun Pharma among 10 stocks in focus today

    Jet Airways: Staying profitable for the fourth straight quarter, Jet Airways on Thursday posted a net profit of Rs 426 crore in the three months to March, primarily aided by lower fuel expenses and higher passenger numbers. Trent: Tata group retail firm Trent reported a standalone net profit of Rs 17.01 crore for the fourth quarter ended on March 31, 2016. The company had posted a net profit of Rs 11.44 crore for the corresponding period of the previous fiscal.
    - 56 mins ago, 27 May 16, 9:02am -
  • newLIVE: Sensex climbs over 100 points in early trade, Nifty reclaims 8,100; SBI gains

    LIVE: Sensex climbs over 100 points in early trade, Nifty reclaims 8,100; SBI gains

    9.21 am: NSE Nifty reclaimed 8,100-mark and was trading 40.85 points up at 8,110.50. Sensex was up 102 points at 26,469.51.
    - 1 hour ago, 27 May 16, 8:41am -
  • newFPIs sell $1 billion of Indian debt in last eight sessions

    FPIs sell $1 billion of Indian debt in last eight sessions

    Foreign portfolio investors (FPI) have sold more than a billion dollars of Indian debt in the last eight consecutive sessions. Bloomberg data shows there was outflow of $1.023 billion in the previous eight consecutive sessions from the debt segment. As Ananth Narayan, MD and regional head of financial markets, Asean and South Asia, Standard Chartered, points out, much of the FPI debt outflow appears to be in corporate bonds, which could simply be bonds maturing, and not being replaced with fresh…
    - 2 hours ago, 27 May 16, 7:52am -
  • newELCs seek easier listing norms for BSE, NSE
    Exclusively listed companies (ELCs) of regional stock exchanges are learnt to have approached the Securities and Exchange Board of India (Sebi) to intervene in relaxing the eligibility norms for listing on the BSE and the National Stock Exchange (NSE). Sources said close to 1,100 companies with a combined market capital of around Rs 4,500 crore are wanting to migrate to the BSE and the NSE from now-defunct regional stock exchanges. Apart from the Sebi Lisiting Obligations and Disclosures Regulat…
    - 2 hours ago, 27 May 16, 7:51am -
  • newFPI investments in BSE-200 companies fall in Q4 over Q3

    FPI investments in BSE-200 companies fall in Q4 over Q3

    Investments by foreign portfolio investors (FPIs) in the BSE-200 index declined to $291 billion in the March quarter, compared with $304 billion for the December quarter.
    - 2 hours ago, 27 May 16, 7:51am -
  • newNovartis India to buy back shares worth Rs 290 crore

    Novartis India to buy back shares worth Rs 290 crore

    Novartis India, which sells the oncology drug Glivec, said on Thursday it will buy back shares worth Rs 290 crore. In a stock exchange filing, the pharmaceutical company said it would acquire close to 38 lakh shares at a price of Rs 760 a share. The buyback price is an 11% premium to the three-month weighted average share price of the stock.
    - 2 hours ago, 27 May 16, 7:51am -
  • newCentre to roll out PSU IPOs from October-November

    Centre to roll out PSU IPOs from October-November

    After a gap of more than three years, the Centre will roll out initial public offers (IPOs) in PSUs once again with a 10% stake sale in Cochin Shipyard in October-November, a senior government official told FE. Cochin Shipyard stake sale will be followed by listing of Indian Renewable Energy Development Agency Limited (IREDA) in the later part of the current fiscal. The IREDA stake sale would consist of 10% government equity disinvestment and 15% fresh equity to fund the company's expansion plan…
    - 2 hours ago, 27 May 16, 7:50am -
  • newInfrastructure: Big impact schemes launched, now to bridge the connectivity gap

    Infrastructure: Big impact schemes launched, now to bridge the connectivity gap

    The government has made significant strides in providing electricity and roads, particularly in rural India. According to the latest official figures, during its two years in office, the government has brought electricity to 7,654 villages compared with 5,189 villages in the preceding three years.
    - 2 hours ago, 27 May 16, 7:37am -
  • newWealth creation: Limitations to investments
    Gone are the days when investors had only the broad categories of equities, bonds, cash and real estate for their asset allocation. Of late, a group of several investable asset classes, referred to collectively as alternative investments, has gained more prominence. Alternative investment asset classes include hedge funds of various types, private equity funds, managed or passively constructed commodity funds, artwork, and intellectual property rights.
    - 2 hours ago, 27 May 16, 7:30am -
  • newFCI to discontinue OMSS wheat sale as stocks fall

    FCI to discontinue OMSS wheat sale as stocks fall

    The Food Corporation of India (FCI) is likely to discontinue the Open Market Sale Scheme (OMSS) of wheat effective July, as its grain stocks have fallen sharply because of lower procurement in the current season. According the official data, the wheat stocks held with FCI is set to fall to less than 28 million tonnes (mt) by July 1, against the buffer stocks norm of 24.5 mt. The corporation also has to keep 3 mt of grain as strategic reserve, thus leaving little for OMSS for bulk buyers.
    - 3 hours ago, 27 May 16, 7:24am -
  • newGold on track for biggest decline in nine weeks

    Gold on track for biggest decline in nine weeks

    BENGALURU (Reuters) - Gold crawled higher early on Friday but stayed near seven-week lows and remained on track for its biggest weekly decline in nine, with positive economic data boosting expectations U.S. interest rates will rise in the next two months. FUNDAMENTALS * Spot gold had climbed 0.2 percent to $1,222.46 per ounce by 0046 GMT. The metal has fallen about 2.4 percent so far this week, heading towards its biggest weekly decline since March 25. * U.S. gold was up 0.2 percent at $1,222.50…
    - 3 hours ago, 27 May 16, 7:01am -
  • newAsia stocks edge up after upbeat U.S. data, dollar sags

    Asia stocks edge up after upbeat U.S. data, dollar sags

    By Shinichi Saoshiro TOKYO (Reuters) - Asian stocks pulled ahead on Friday after patches of U.S. data continued to paint the world's largest economy in a positive light, while the dollar was on the defensive against its major peers. MSCI's broadest index of Asia-Pacific shares outside Japan gained 0.2 percent to a two-week high. Japan's Nikkei nudged up 0.4 percent, buoyed by prospects of Tokyo delaying a sales tax hike.
    - 3 hours ago, 27 May 16, 6:38am -
  • newOil prices retreat from $50 on oversupply concerns

    Oil prices retreat from $50 on oversupply concerns

    By Keith Wallis SINGAPORE (Reuters) - Oil futures dipped further in early Asian trade on Friday, finding resistance at the $50 a barrel mark as investors worried higher prices could reactivate shuttered crude output, adding to global oversupply. Oil pushed through $50 for the first time in around seven months on Thursday as supply disruptions from Canadian wildfires and attacks in Libya and West Africa have helped cut daily output by 4 million barrels. "WTI and Brent futures went through $50 a b…
    - 4 hours ago, 27 May 16, 6:26am -
  • newOil dips after hitting $50/bbl as glut worries resurface

    Oil dips after hitting $50/bbl as glut worries resurface

    By Barani Krishnan NEW YORK (Reuters) - Oil prices hit $50 a barrel on Thursday for the first time in seven months, then bounced below that level and settled lower on the day as investors worried robust price gains could encourage more output and add to the global glut. Wildfires in Canada's oil sands, unrest in the Nigerian and Libyan energy sectors, and a near economic meltdown in OPEC member Venezuela have knocked out nearly 4 million barrels per day in immediate production, sparking a buying…
    - 4 hours ago, 27 May 16, 6:24am -
  • newSamsung Elec to launch Samsung Pay web payments app - Electronic Times

    Samsung Elec to launch Samsung Pay web payments app - Electronic Times

    Tech giant Samsung Electronics Co Ltd will launch a smartphone app in South Korea that would allow for easier use of its mobile payments service for online transactions, the Electronic Times reported on Friday citing unnamed sources. The South Korean paper said the app, to be called Samsung Pay mini, would be compatible with all Android and Apple Inc devices and could launch as early as June. The mobile payments service is currently compatible with Samsung devices but the firm has said it would…
    - 4 hours ago, 27 May 16, 5:44am -
  • newDollar falls on durables data; global stocks steady

    Dollar falls on durables data; global stocks steady

    U.S. oil prices closed slightly lower after earlier topping $50 a barrel for the first time in about seven months. The U.S. dollar index, which measures the greenback against a basket of six major currencies, was down 0.2 percent, but pared some losses on comments from Federal Reserve Governor Jerome Powell. Investors are looking ahead to a speech by Federal Reserve Chair Janet Yellen on Friday for more clues on the U.S. interest rate outlook.
    - 7 hours ago, 27 May 16, 3:12am -
  • newWall Street hits 'pause' after two-day surge

    Wall Street hits 'pause' after two-day surge

    Investors this week have grown more comfortable with expectations the Federal Reserve could raise interest rates as soon as June, with many taking the view that such a hike would reflect improvement in the country's economy. "People are taking their foot off the gas after making a bunch of money, and now they're waiting for the next data point," said Phil Blancato, chief executive of Ladenburg Thalmann Asset Management in New York. Trading near 16.5 times expected earnings, the S&P 500 appears f…
    - 7 hours ago, 27 May 16, 2:42am -
  • newGold turns lower as dollar pares losses, Fed's Powell talks

    Gold turns lower as dollar pares losses, Fed's Powell talks

    By Marcy Nicholson and Clara Denina NEW YORK/LONDON (Reuters) - Gold lost its early gains on Thursday, hovering just above the prior session's seven-week low as the U.S. was bolstered by hawkish comments from a Federal Reserve president. A U.S. rate hike may come "fairly soon" if data confirm the economy is continuing to grow and labour markets are still tightening, said Federal Reserve Governor Jerome Powell, a permanent voter on the Fed's rate-setting committee. Spot gold was down 0.3 percent…
    - 9 hours ago, 27 May 16, 12:37am -
  • newU.S. business spending mired in weakness, but economy picking up

    U.S. business spending mired in weakness, but economy picking up

    By Lucia Mutikani WASHINGTON (Reuters) - U.S. business spending intentions weakened in April for a third straight month amid soft demand for machinery, but a surge in contracts to purchase previously owned homes to a 10-year high supported views economic growth was gaining speed. The growth picture was further boosted by another report on Thursday showing the number of Americans seeking unemployment benefits fell more than expected last week, pushing them back to near cycle lows. The Commerce De…
    - 11 hours ago, 26 May 16, 11:23pm -
  • newFed's Bullard says markets have better reading now on chances of rate hike

    Fed's Bullard says markets have better reading now on chances of rate hike

    By Masayuki Kitano SINGAPORE (Reuters) - Financial markets have a more appropriate reading now on the chances of a U.S. interest rate rise in June than before, St. Louis Federal Reserve President James Bullard said on Thursday. "I think they read the minutes correctly," Bullard told reporters after a speech in Singapore, referring to the minutes of the Fed's latest policy meeting in April. Global investors, many of whom had assumed the Federal Reserve was in no rush to raise interest rates, were…
    - 15 hours ago, 26 May 16, 6:43pm -